Tulum Mexico Viventum

[Juan Mora]

Lot Size 350m2
Lot Price: $30,000

Construction: $100,000

20% Down Payment and 48 months; 0 interest.

We are looking at getting our first Short Term Rental in Tulum Mexico.  This would be in a new development that is selling lots right now.  I attached the following link to their website.  I believe they are on phase 2 currently with delivery around 2025.  We would start paying off the lot this year and be done in 3-4 years. WE plan on building a 2 bedroom home that we an AirBnB.

https://viventum.com.mx/

Our goal would be to visit the property twice a year (November and March) and rent it the remaining months.  This location would not have running water or sewer.  Water would be by those tanks you put in a well and sewege would be septic tank.  

[Sebastian Papworth]

@Mike Lambert

I concur with the widely held notion that a few years ago, the properties in Tulum experienced a surge in their occupancy rates due to low supply, leading to a remarkable increase in average daily rates (ADRs). However, given the current situation, it is essential to engage in extensive research, scouting, and analysis, and invest in prime locations and features that distinguish one's property from others. Platforms like Airdna offer insights into the top-performing properties, which investors can model and improve upon for better performance.

From my perspective, Cancun, Playa del Carmen (PDC), and Tulum share similar risk-reward profiles, with Cancun being the most mature, followed by PDC and then Tulum. Although the three regions have different urban development plans and geographies, some growth trends observed in Cancun have been replicated in PDC. I am willing to engage in detailed private discussions on the future of Tulum and PDC.

To determine the growth potential of the real estate market, I have analyzed the supply and demand for hotel rooms and short-term rentals (STRs) in both cities. Although Tulum need not have as many hotel rooms as PDC, understanding the current demand for Tulum can help identify the sectors with the highest growth potential.

It's worth noting that many STRs are now transitioning to long-term rentals due to an oversupply of rentals and a shift in preference from Airbnb. The construction of the Tulum Green School has resulted in a long waiting list of families wanting to relocate to Tulum, leading to several investors purchasing properties in the locations nearest to the beach or national parks, with delivery dates scheduled for 2024/2025. Villas and houses are also selling and renting exceptionally well.

As you may be aware, the Tulum and PDC markets are dollarized, but many soft and hard costs are in Mexican pesos. The strengthening of the peso, driven in part by nearshoring initiatives such as Musk's Gigafactory, has led to several price reactions in the Quintana Roo real estate market.